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Monday, 13 June 11
THE INDONESIAN COAL REFERENCE PRICE HAS JUMPED 1.2 PERCENT IN JUNE
 COALspot.com - The Ministry of Energy & Mineral Resources sets coal spot price benchmark for June 2011 at US$ 119.03 per ton, higher than US$ 1.42 per ton in May 2011.
This coal benchmark was calcualted coal with calorie of 6,322kcal/kg (GAR), stated to be using formula based on the May 2011 index average of ICI-1 (Indonesia Coal Index), Platts-1, NEX (Newcastle Export Index), and GC (globalCoal Index).
Assessment basis of coal price reference was calculated considering coal with GCV (GAR) 6,322 kcal/kg, Total Moisture (arb) 8.00%, Total Sulphur 0.8%, Ash Content 15.00% and delivery free on Board (FOB) Vessel basis and applicable for spot contract, delivery between 1 - 30 June 2011.
The government of Indonesia has been publishing a monthly coal reference price (HBA) since February 2010 to be used by coal producers for all future spot and term contracts. The June HBA was 22.43 percent higher Y-o-Y.
The price is only valid for spot price, while as for term price, the benchmark is using the average of recent 3 months benchmark prices and valid for coal contract at least 12 months.
Government also declared reference price for eight brands of Indonesia's coal, which are most commonly traded in the market. Those eight brands are act as benchmark and used to calculate other 54 coal types with a quality similar to the coal price markers.
For sales in barge, the reference price is reduced by barging and transshipment costs from barge to vessel.
The coal reference price, which has been established to fulfill the requirement of mining law 04/2009 and latest ministerial decree 17/2010 and also aims to increase government revenue from royalties from coal producers. According to industry, all existing coal supply agreements with Indonesian coal mining companies will have to be revised to comply with new coal pricing regulations before September 23, 2011.
As a result of the Indonesian new pricing formula, price of Indonesian coal will go up by $30 a tonne and lead to a INR 0.70 (Approx. US$ 0.015) per unit increase in cost of electricity generation, as quoted by an Indian paper.
Indonesian coal prices are also gaining on a shortage of coal in China to meet summer demand, said a coal trader from Kalimantan. Chinese local media reported that, Beijing may cut the 17 percent value-added tax and port charges on imported coal to encourage more overseas purchases. China is now facing its worst summer power shortage in seven years, as quoted by Chinese as well as International medias.
Indian high energy demand also has influenced the coal prices in recent weeks says another coal trader from Jakarta.
Click here for complete details of Indonesian coal reference prices since Feb 2010.(cs)
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Wednesday, 23 June 10
WILHELMSEN SHIPS SERVICE OPENS NEW OFFICE IN KRISHNAPATNAM PORT INDIA
Wilhelmsen Ships Service has opened a branch office in Krishnapatnam port on the east coast of India according to statement released by company ...
Wednesday, 23 June 10
PTC'S INDONESIAN COAL-MINING FORAY-I: TO INVEST USD 69 MILLION VIA OVERSEAS SPV
Moving ahead with its plans to acquire coal assets abroad, the power trading major, PTC India Limited, has decided to invest a total of USD 69 milli ...
Tuesday, 22 June 10
INDIA HAS REPORTED MORE COAL IMPORTS FROM COLOMBIA
A second consecutive week of sharp corrections for the dry bulk market, although some of the softness could be attributed to Chinese holidays at the ...
Monday, 21 June 10
THE SUPRAMAX INDEX IN THE FAR-EAST (S6 ROUTE) WAS DOWN BY $ 1300 PER DAY - VISTAAR
COALspot.com: The market continued to soften in all sectors last week also with the BDI dropping by 18.07 pct and Cape index by 26.71 pct.
The BD ...
Sunday, 20 June 10
OUR COAL: ITS DEVELOPMENT AND CONTROVERSIAL ISSUES
Indonesia’s production of coal has been growing amazingly. In the mid 1980s, national coal production was less than 1 million tons per annum, ...
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- India Bulls Power Limited - India
- The State Trading Corporation of India Ltd
- Posco Energy - South Korea
- Electricity Generating Authority of Thailand
- Interocean Group of Companies - India
- Barasentosa Lestari - Indonesia
- Merrill Lynch Commodities Europe
- Heidelberg Cement - Germany
- Trasteel International SA, Italy
- Ind-Barath Power Infra Limited - India
- Singapore Mercantile Exchange
- Sakthi Sugars Limited - India
- Latin American Coal - Colombia
- Australian Commodity Traders Exchange
- Mintek Dendrill Indonesia
- Antam Resourcindo - Indonesia
- Indonesian Coal Mining Association
- Larsen & Toubro Limited - India
- Maheswari Brothers Coal Limited - India
- Intertek Mineral Services - Indonesia
- Indian Energy Exchange, India
- Planning Commission, India
- Ministry of Transport, Egypt
- Indogreen Group - Indonesia
- Tata Chemicals Ltd - India
- Gujarat Electricity Regulatory Commission - India
- Port Waratah Coal Services - Australia
- Kobexindo Tractors - Indoneisa
- ICICI Bank Limited - India
- Central Java Power - Indonesia
- Parry Sugars Refinery, India
- Siam City Cement PLC, Thailand
- GVK Power & Infra Limited - India
- PowerSource Philippines DevCo
- Metalloyd Limited - United Kingdom
- Agrawal Coal Company - India
- Leighton Contractors Pty Ltd - Australia
- Economic Council, Georgia
- Mercuria Energy - Indonesia
- Toyota Tsusho Corporation, Japan
- McConnell Dowell - Australia
- Banpu Public Company Limited - Thailand
- Coastal Gujarat Power Limited - India
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Madhucon Powers Ltd - India
- Energy Development Corp, Philippines
- Meenaskhi Energy Private Limited - India
- IEA Clean Coal Centre - UK
- Bukit Asam (Persero) Tbk - Indonesia
- Anglo American - United Kingdom
- TNB Fuel Sdn Bhd - Malaysia
- Global Business Power Corporation, Philippines
- SMG Consultants - Indonesia
- Borneo Indobara - Indonesia
- Chettinad Cement Corporation Ltd - India
- OPG Power Generation Pvt Ltd - India
- Salva Resources Pvt Ltd - India
- International Coal Ventures Pvt Ltd - India
- Kohat Cement Company Ltd. - Pakistan
- Wilmar Investment Holdings
- Star Paper Mills Limited - India
- Bhoruka Overseas - Indonesia
- Australian Coal Association
- Minerals Council of Australia
- Bukit Baiduri Energy - Indonesia
- Global Green Power PLC Corporation, Philippines
- Bahari Cakrawala Sebuku - Indonesia
- LBH Netherlands Bv - Netherlands
- Kaltim Prima Coal - Indonesia
- Bharathi Cement Corporation - India
- Sindya Power Generating Company Private Ltd
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Meralco Power Generation, Philippines
- Bhushan Steel Limited - India
- Rio Tinto Coal - Australia
- MS Steel International - UAE
- Power Finance Corporation Ltd., India
- Kideco Jaya Agung - Indonesia
- Globalindo Alam Lestari - Indonesia
- Thiess Contractors Indonesia
- Xindia Steels Limited - India
- Pipit Mutiara Jaya. PT, Indonesia
- Energy Link Ltd, New Zealand
- Global Coal Blending Company Limited - Australia
- Rashtriya Ispat Nigam Limited - India
- Lanco Infratech Ltd - India
- GN Power Mariveles Coal Plant, Philippines
- CNBM International Corporation - China
- Jaiprakash Power Ventures ltd
- Uttam Galva Steels Limited - India
- Deloitte Consulting - India
- ASAPP Information Group - India
- Ambuja Cements Ltd - India
- Coal and Oil Company - UAE
- Essar Steel Hazira Ltd - India
- Vedanta Resources Plc - India
- Krishnapatnam Port Company Ltd. - India
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Renaissance Capital - South Africa
- Sree Jayajothi Cements Limited - India
- Standard Chartered Bank - UAE
- Cement Manufacturers Association - India
- Eastern Coal Council - USA
- Orica Mining Services - Indonesia
- Romanian Commodities Exchange
- Kartika Selabumi Mining - Indonesia
- South Luzon Thermal Energy Corporation
- Semirara Mining Corp, Philippines
- Sarangani Energy Corporation, Philippines
- AsiaOL BioFuels Corp., Philippines
- Wood Mackenzie - Singapore
- Orica Australia Pty. Ltd.
- Tamil Nadu electricity Board
- Kepco SPC Power Corporation, Philippines
- Aditya Birla Group - India
- Malabar Cements Ltd - India
- Makarim & Taira - Indonesia
- White Energy Company Limited
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Mercator Lines Limited - India
- Pendopo Energi Batubara - Indonesia
- Altura Mining Limited, Indonesia
- Sojitz Corporation - Japan
- Sical Logistics Limited - India
- PetroVietnam Power Coal Import and Supply Company
- Bhatia International Limited - India
- Iligan Light & Power Inc, Philippines
- Jindal Steel & Power Ltd - India
- Eastern Energy - Thailand
- Mjunction Services Limited - India
- Timah Investasi Mineral - Indoneisa
- New Zealand Coal & Carbon
- Indian Oil Corporation Limited
- Offshore Bulk Terminal Pte Ltd, Singapore
- Directorate General of MIneral and Coal - Indonesia
- Formosa Plastics Group - Taiwan
- Attock Cement Pakistan Limited
- Bayan Resources Tbk. - Indonesia
- Carbofer General Trading SA - India
- Karaikal Port Pvt Ltd - India
- Bulk Trading Sa - Switzerland
- Billiton Holdings Pty Ltd - Australia
- Bank of Tokyo Mitsubishi UFJ Ltd
- Karbindo Abesyapradhi - Indoneisa
- Sinarmas Energy and Mining - Indonesia
- Bukit Makmur.PT - Indonesia
- PTC India Limited - India
- Riau Bara Harum - Indonesia
- Indo Tambangraya Megah - Indonesia
- Bangladesh Power Developement Board
- Miang Besar Coal Terminal - Indonesia
- Goldman Sachs - Singapore
- Aboitiz Power Corporation - Philippines
- Petron Corporation, Philippines
- IHS Mccloskey Coal Group - USA
- Siam City Cement - Thailand
- Thai Mozambique Logistica
- European Bulk Services B.V. - Netherlands
- Gujarat Sidhee Cement - India
- Semirara Mining and Power Corporation, Philippines
- Africa Commodities Group - South Africa
- Asmin Koalindo Tuhup - Indonesia
- Directorate Of Revenue Intelligence - India
- Holcim Trading Pte Ltd - Singapore
- Ministry of Mines - Canada
- Grasim Industreis Ltd - India
- Petrochimia International Co. Ltd.- Taiwan
- SN Aboitiz Power Inc, Philippines
- Manunggal Multi Energi - Indonesia
- Baramulti Group, Indonesia
- Price Waterhouse Coopers - Russia
- Simpson Spence & Young - Indonesia
- Videocon Industries ltd - India
- Central Electricity Authority - India
- The University of Queensland
- Kumho Petrochemical, South Korea
- Gujarat Mineral Development Corp Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Kalimantan Lumbung Energi - Indonesia
- Binh Thuan Hamico - Vietnam
- SMC Global Power, Philippines
- Jorong Barutama Greston.PT - Indonesia
- Neyveli Lignite Corporation Ltd, - India
- Therma Luzon, Inc, Philippines
- Oldendorff Carriers - Singapore
- Ministry of Finance - Indonesia
- Dalmia Cement Bharat India
- GMR Energy Limited - India
- Edison Trading Spa - Italy
- Georgia Ports Authority, United States
- Commonwealth Bank - Australia
- London Commodity Brokers - England
- Indika Energy - Indonesia
- Independent Power Producers Association of India
- Maharashtra Electricity Regulatory Commission - India
- VISA Power Limited - India
- Straits Asia Resources Limited - Singapore
- San Jose City I Power Corp, Philippines
- Chamber of Mines of South Africa
- Parliament of New Zealand
- Alfred C Toepfer International GmbH - Germany
- Kapuas Tunggal Persada - Indonesia
- Samtan Co., Ltd - South Korea
- PNOC Exploration Corporation - Philippines
- Cigading International Bulk Terminal - Indonesia
- CIMB Investment Bank - Malaysia
- Electricity Authority, New Zealand
- TeaM Sual Corporation - Philippines
- Marubeni Corporation - India
- Coalindo Energy - Indonesia
- Medco Energi Mining Internasional
- GAC Shipping (India) Pvt Ltd
- Ceylon Electricity Board - Sri Lanka
- The Treasury - Australian Government
- Savvy Resources Ltd - HongKong
- Vizag Seaport Private Limited - India
- Vijayanagar Sugar Pvt Ltd - India
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